Innovate Creative Ltd

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innovate creative ltd Company Information

Live

EstablishedMicroDeclining

Company Number

08458107

Website

innovatecreative.co.uk

Registered Address

the barn calcot mount, calcot lane, southampton, SO32 2BN

Industry

Web portals

Telephone

02380275253

Next Accounts Due

December 2024

Group Structure

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Directors

Bradley Eynon9 Years

Richard Ankers3 Years

Shareholders

215ix limited 100%

innovate creative ltd Estimated Valuation

£14k

Pomanda estimates the enterprise value of INNOVATE CREATIVE LTD at £14k based on a Turnover of £20.7k and 0.68x industry multiple (adjusted for size and gross margin).

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Innovate Creative Ltd is a live company located in southampton, SO32 2BN with a Companies House number of 08458107. It operates in the web portals sector, SIC Code 63120. Founded in March 2013, it's largest shareholder is 215ix limited with a 100% stake. Innovate Creative Ltd is a established, micro sized company, Pomanda has estimated its turnover at £20.7k with declining growth in recent years.

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Pomanda's financial health check has awarded Innovate Creative Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £20.7k, make it smaller than the average company (£1.6m)

Growth

3 year (CAGR) sales growth of -46%, show it is growing at a slower rate (7.1%)

EXPORT

Innovate Creative Ltd's latest turnover from March 2023 is estimated at £20.7 thousand and the company has net assets of -£62.3 thousand. According to their latest financial statements, we estimate that Innovate Creative Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Turnover	20,702	74,508	94,469	128,944	113,622	39,089	78,635	27,853	642
Other Income Or Grants	0	0	0	0	0	0	0	0	0
Cost Of Sales	15,382	50,880	66,384	86,184	82,521	27,466	54,753	20,336	476
Gross Profit	5,320	23,628	28,085	42,760	31,100	11,623	23,883	7,517	165
Admin Expenses	5,370	20,093	90,498	43,352	25,437	26,308	36,718	-18,718	-2,541
Operating Profit	-50	3,535	-62,413	-592	5,663	-14,685	-12,835	26,235	2,706
Interest Payable	0	1,693	1,536	7	1	0	0	0	0
Interest Receivable	0	228	34	15	208	127	49	62	8
Pre-Tax Profit	-50	2,070	-63,914	-584	5,869	-14,558	-12,786	26,298	2,714
Tax	0	-393	0	0	-1,115	0	0	-5,259	-570
Profit After Tax	-50	1,677	-63,914	-584	4,754	-14,558	-12,786	21,038	2,144
Dividends Paid	0	0	0	0	0	0	0	0	0
Retained Profit	-50	1,677	-63,914	-584	4,754	-14,558	-12,786	21,038	2,144
Employee Costs	46,942	45,489	183,896	243,989	243,703	47,542	135,039	41,274	40,375
Number Of Employees	1	1	4	5	5	1	3	1	1
EBITDA*	-50	3,535	-62,109	350	6,605	-13,971	-12,835	26,235	2,706

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Tangible Assets	0	0	146	243	952	1,181	1,406	238	0
Intangible Assets	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	715	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	0	146	243	952	1,896	1,406	238	0
Stock & work in progress	0	0	0	0	0	0	0	0	0
Trade Debtors	703	25,910	23,712	19,174	1,391	12,740	5,653	8,410	0
Group Debtors	0	0	0	0	0	0	0	0	0
Misc Debtors	0	31,951	19,913	18,721	0	0	647	0	0
Cash	0	0	60,785	7,668	21,729	33,715	17,140	21,780	3,024
misc current assets	0	0	0	0	0	0	0	0	0
total current assets	703	57,861	104,410	45,563	23,120	46,455	23,440	30,190	3,024
total assets	703	57,861	104,556	45,806	24,072	48,351	24,846	30,428	3,024
Bank overdraft	0	0	157	193	38	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0
Trade Creditors	41,268	27,868	2,067	1,536	1,138	0	0	7,238	879
Group/Directors Accounts	0	0	6,152	14,695	1,377	13,608	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	109,620	28,908	20,694	38,672	14,442	0	0
total current liabilities	41,268	27,868	117,996	45,332	23,247	52,280	14,442	7,238	879
loans	0	0	50,000	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	60,280	0	0	0	0	0	0	0
other liabilities	21,714	31,942	233	233	0	0	0	0	0
provisions	0	0	224	224	224	224	0	0	0
total long term liabilities	21,714	92,222	50,457	457	224	224	0	0	0
total liabilities	62,982	120,090	168,453	45,789	23,471	52,504	14,442	7,238	879
net assets	-62,279	-62,229	-63,897	17	601	-4,153	10,404	23,190	2,145
total shareholders funds	-62,279	-62,229	-63,897	17	601	-4,153	10,404	23,190	2,145

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Operating Activities
Operating Profit	-50	3,535	-62,413	-592	5,663	-14,685	-12,835	26,235	2,706	0
Depreciation	0	0	304	942	942	714	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	0	-393	0	0	-1,115	0	0	-5,259	-570	0
Stock	0	0	0	0	0	0	0	0	0	0
Debtors	-57,158	14,236	5,730	36,504	-11,349	6,440	-2,110	8,410	0	0
Creditors	13,400	25,801	531	398	1,138	0	-7,238	6,359	879	0
Accruals and Deferred Income	-60,280	-49,340	80,712	8,214	-17,978	24,230	14,442	0	0	0
Deferred Taxes & Provisions	0	-224	0	0	0	224	0	0	0	0
Cash flow from operations	10,228	-34,857	13,404	-27,542	-1	4,043	-3,521	18,925	3,015	0
Investing Activities
capital expenditure	0	146	-207	-233	-713	-489	-1,168	-238	0	0
Change in Investments	0	0	0	0	-715	715	0	0	0	0
cash flow from investments	0	146	-207	-233	2	-1,204	-1,168	-238	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-6,152	-8,543	13,318	-12,231	13,608	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	0	-50,000	50,000	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-10,228	31,709	0	233	0	0	0	0	0	0
share issue	0	-9	0	0	0	1	0	7	1	0
interest	0	-1,465	-1,502	8	207	127	49	62	8	0
cash flow from financing	-10,228	-25,917	39,955	13,559	-12,024	13,736	49	69	9	0
cash and cash equivalents
cash	0	-60,785	53,117	-14,061	-11,986	16,575	-4,640	18,756	3,024	0
overdraft	0	-157	-36	155	38	0	0	0	0	0
change in cash	0	-60,628	53,153	-14,216	-12,024	16,575	-4,640	18,756	3,024	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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INNOVATE CREATIVE LTD group structure

Innovate Creative Ltd has no subsidiary companies.

Ultimate parent company

21 SIX HOLDINGS LIMITED

09106600

21 SIX LIMITED

08739174

2 parents

INNOVATE CREATIVE LTD

08458107

INNOVATE CREATIVE LTD Shareholders

215ix limited

100%

Innovate Creative Ltd currently has 2 directors. The longest serving directors include Mr Bradley Eynon (Apr 2015) and Mr Richard Ankers (Apr 2021).

officer	country	age	start	end	role
Mr Bradley Eynon	United Kingdom	42 years	Apr 2015	-	Director
Mr Richard Ankers	United Kingdom	49 years	Apr 2021	-	Director

P&L

March 2023

turnover

20.7k

-72%

operating profit

-50

gross margin

25.7%

-18.96%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

-62.3k

total assets

703

-0.99%

cash

net assets

Total assets minus all liabilities

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company number

08458107

Type

Private limited with Share Capital

industry

63120 - Web portals

incorporation date

March 2013

age

accounts

Micro-Entity Accounts

ultimate parent company

21 SIX HOLDINGS LIMITED

previous names

innovate websites ltd (September 2016)

incorporated

address

the barn calcot mount, calcot lane, southampton, SO32 2BN

last accounts submitted

March 2023

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We did not find charges/mortgages relating to innovate creative ltd.

innovate creative ltd Company Information

innovate creative ltd Estimated Valuation

innovate creative ltd Estimated Valuation

innovate creative ltd Estimated Valuation

Innovate Creative Ltd Overview

Innovate Creative Ltd Health Check

INNOVATE CREATIVE LTD financials

innovate creative ltd Credit Report and Business Information

Innovate Creative Ltd Competitor Analysis

innovate creative ltd Ownership

innovate creative ltd directors

innovate creative ltd company details

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innovate creative ltd Companies House Filings - See Documents